Durham University
Programme and Module Handbook

Postgraduate Programme and Module Handbook 2007-2008 (archived)

Module BUSI4ZH15: REAL ESTATE MANAGEMENT AND VALUATION

Department: Economics, Finance and Business (Business)

BUSI4ZH15: REAL ESTATE MANAGEMENT AND VALUATION

Type Open Level 4 Credits 15 Availability Available in 2007/08 Module Cap None.

Prerequisites

  • None.

Corequisites

  • None.

Excluded Combination of Modules

  • None.

Aims

  • To enable students to acquire and demonstrate a specialist knowledge and understanding of real estate management in the corporate context and its valuation.

Content

  • Corporate Real Estate Management.
  • Real Estate Portfolio Management.
  • International Real Estate Valuation.

Learning Outcomes

Subject-specific Knowledge:
  • By the end of the module students should have a specialised knowledge and critical understanding of:
  • the process and function of real estate management;
  • the assessment of real estate in the corporate context;
  • the critical role of real estate to non-property companies;
  • the need to develop a real estate strategy for non-real estate companies;
  • the international financial reporting standards with regard to real estate;
  • the conceptual idea of real estate management;
  • strategy development for real estate portfolios;
  • the controlling and valuation of real estate portfolios;
  • issues in the international valuation of real estate;
  • valuation according to the standards of the Royal Institute of Chartered Surveyors, the European Group of Valuers Associations (TEGoVA), the International Valuation Standards Committee (IVSC) and the Appraisal Institutes (AI).
Subject-specific Skills:
  • By the end of the module students should have developed specialist skills in the application of real estate portfolio management tools.
Key Skills:

    Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

    • Learning outcomes will be met through a combination of lectures, group work, case studies, class exercises and discussions, supported by guided reading.
    • The assessment of the module by written assignment is designed to:
    • test the acquisition and articulation of knowledge and critical understanding;
    • test skills of application and interpretation.

    Teaching Methods and Learning Hours

    Activity Number Frequency Duration Total/Hours
    Full-day sessions combining lectures, group work, case studies, class exercises and discussions 3 8 hours 24
    Preparation and Reading 126
    Total 150

    Summative Assessment

    Component: Individual Written Assignment Component Weighting: 50%
    Element Length / duration Element Weighting Resit Opportunity
    Individual Written Assignment 2,000 words (max) 100%
    Component: Group Presentation Component Weighting: 50%
    Element Length / duration Element Weighting Resit Opportunity
    Group Presentation 30 minutes 100%

    Formative Assessment:

    Classroom-based exercises involving individual and group analyses and presentations on specific business situations/problems relevant to the learning outcomes of the module. Oral and written feedback will be given on a group and individual basis as appropriate.


    Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University